Ethereum is taking over the second layer implementation of Bitcoin [BTC] leaving Liquid and Lightning Network behind. Liquid’s L-BTC and Ethereum’s wBTC works on similar principles of issuing an extension of Bitcoin as a separate token. While Liquid claims to lock the tokens on-chain, wBTC is stored at Bitgo Trust. Reportedly, the Liquid Network Federation
![Ethereum Beats Lightning and Liquid in the Race for Bitcoin [BTC] On-boarding](https://images.cryptocompare.com/news/coingape/c1888agw000.png "Ethereum Beats Lightning and Liquid in the Race for Bitcoin [BTC] On-boarding")
